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BitGo's second-quarter revenue reached $4.3 billion, an 80% jump from the prior-year period, while the digital asset custody firm recorded a net loss of $19 million for the quarter.
In the same period a year earlier, BitGo posted net income of $38.3 million. The numbers in focus The 80% revenue increase is the headline figure.
At $4.3 billion, the second-quarter top line represents a substantial expansion for the firm and places the scale of the business well above its prior-year position. The earnings line moved the other way.
The $19 million net loss compares with $38.3 million in net income during the year-ago quarter, a bottom-line reversal of more than $57 million.
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